ATR vs BDX: Correlation
Measured on weekly returns over the past three years, AptarGroup, Inc. (ATR) and Becton Dickinson (BDX) carry a correlation of 0.42, a moderate link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ATR and BDX?
On 3 years of weekly data the ATR/BDX correlation comes out at 0.42, moderate. Lately the two have moved closer together, with the 1-year correlation at 0.59 versus 0.42 over 3 years. The 5-year figure is 0.42, and annualized covariance runs at 212.2 %².
Among the 19 assets we track against ATR, BDX ranks #14 by 3-year correlation. Their recent paths diverged sharply: over the last 12 months BDX outperformed by 28.8 percentage points (-3.3% for ATR against +25.5% for BDX).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ATR vs BDX: side by side
| ATR (AptarGroup, Inc.) | BDX (Becton Dickinson) | |
|---|---|---|
| 1-year return | -3.3% | +25.5% |
| 5-year return | +4.9% | +6.8% |
| Volatility (ann.) | 21.0% | 24.0% |
| Beta vs S&P 500 | 0.53 | 0.33 |
| Max drawdown (3Y) | -35.2% | -39.6% |
| Market cap | $8.4B | $51.2B |
| P/E (trailing) | 24.4 | 32.9 |
| Dividend yield | 1.40% | 2.20% |
| Sector / category | US Listed | Health Care |
Year-by-year returns
| Year | ATR | BDX |
|---|---|---|
| 2022 | -8.9% | +5.1% |
| 2023 | +13.9% | -2.7% |
| 2024 | +28.6% | -5.4% |
| 2025 | -21.4% | -12.6% |
| 2026 | +10.2% | +25.0% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ATR and BDX good diversifiers for each other?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
FAQ
What is the correlation between ATR and BDX?
As of 2026-08-27, the correlation of weekly returns between ATR and BDX is 0.42 over 3 years, 0.59 over 1 year and 0.42 over 5 years.
Is BDX a good diversifier for ATR?
Yes, to a useful degree: a correlation of 0.42 leaves real independence between the two, which historically damped combined volatility.
What does a correlation of 0.42 mean?
A reading of 0.42 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/atr-vs-bdx.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/atr-vs-bdx/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ATR correlations · BDX correlations
